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Suppose the interest rate is 4.8 %. a. Having $300 today is equivalent to having what amount in one? year? b. Having $300 in one
Suppose the interest rate is 4.8 %. a. Having $300 today is equivalent to having what amount in one? year? b. Having $300 in one year is equivalent to having what amount? today? c. Which would you? prefer, $ 300 today or $ 300 in one? year? Does your answer depend on when you need the? money? Why or why? not
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